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Home Q & A Board Other Fields Homework Help Business Accounting
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bravata bravata
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7 years ago
The entry to record S&C, Inc. selling 1,000 shares of $12 par common stock for $20 per share would be to:
A) debit Cash $20,000; credit Common Stock $20,000.
B) debit Cash $20,000; credit Common Stock $12,000; credit Paid-In Capital in Excess of Par-Common Stock $8,000.
C) debit Cash $12,000; credit Common Stock $12,000.
D) debit Cash $12,000; debit Paid-In Capital in Excess of Par–Common $8,000; credit Common Stock $20,000.
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Financial Accounting

Financial Accounting


Edition: 3rd
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largerthanlifelargerthanlife
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7 years ago
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bravata Author
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Brilliant ツ
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this is exactly what I needed
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